Box 24 on our T4RIF has been entered as a deduction under other deductions. Is this correct????

[garbuckle01]

CAN i CLAIM THE AMOUNT LISTED IN BOX 24 ON MY T4RIF as a deduction . Turbo Tax has automatically done this.

[TurboTaxMonica · Accepted solution]

If you indicated that the amount was transferred to a RIF (when you entered the amount on the T4RIF screen), then you should see the amount under "other deduction".

[DB57]

The on line version allows for 3 options for T4RIF including with drawl payment, transferred to a RRSP, transferred to a RRIF.

The Premier Turbo tax version ( which I purchased) does not have this option in box 24. Box 24 entry triggers it as income when it was a RRSP transferred to a RRIF. What to do?

[Bede20]

For T4RIF BOX 24 is listed as a deduction by Turbo tax, I now have to reAdjust my return..ty

[PattiDurk]

Why does turbo tax put it in as a deduction? We are getting hit with a big tax bill after CRA audit. 

[TurboTaxBrenda1]

Which box is filled out on your T4RIF slip?